Insurance Software Product Engineering Services (iSPES)
L&T Infotech's iSPES is singularly focused on delivering value added benefits through its software product engineering services to Independent Software Vendors (ISVs) operating in the Insurance domain. It is designed to support the ISVs product vision by extending our experience, expertise and knowledge, thus establishing a value proposition that results in mutually beneficial, long-lasting relationships. The iSPES serves as a strategic partner of your engineering team by blending through common processes, tools and frameworks to generate 'Sustainable Business Value'.
Insurance ISVs are faced with the constant challenge of delivering products that help carriers derive operational efficiencies, compliance as well as differentiation. In order to address these core business issues effectively, products need to be technologically robust, easy to maintain, process oriented and be scalable enough to service clients. Delivering superior quality and increasing productivity are other imperatives to stay on top of your game. In such a scenario, having a partner who understands yours as well as Insurance carriers' needs can go a long way in ensuring market success.
Today, iSPES is delivering a range of services to leading ISV's in order to make products faster and better in a cost efficient manner. Through its unique Partnership Models, namely Extended Product Engineering Center partnership Model, Implementation Partnership Model & Project Outsourcing Partnership Model, L&T Infotech's Insurance iSPES offers the following services:
- Product Development & Engineering Services: These include services such as Product design and development, Product Reengineering, Production Support and Maintenance and Product Testing services.
- Product Support Services: These include services such as Insurance market/prospect research, Collaterals preparation and Proof-of-concept development.
- Product Implementation Services: These include services such as Business Process (Workflow) consulting, Product configuration / customization, Integration, Data Migration, Product Testing (Including Business Process Testing).
In order to enable Insurance ISVs to focus on customer satisfaction and market growth, L&T Infotech has developed the concept of Insurance Software Product Engineering Services (iSPES) that acts as a strategic partner of your team, with the objective of 'Enabling your Product vision'. L&T Infotech has designed specific approaches to assist ISV's achieve their Product vision:
- Enhanced Customer Service: L&T Infotech's iSPES which perceives added value from ease & convenience will help you provide high quality of service which will help you leverage your competitive position & lead to enhanced customer satisfaction & loyalty.
- Accelerated time-to-market: Leveraging our SWIFT approach, involving Product Service Blueprints, framework for agile development & Test Automation techniques, you can significantly & efficiently reduce the time it takes for your product releases.
- Improved Scalability: Our competency development program called 'Incubator' is built around a number of focused programs for the iSPES consultants. Improved scalability will be achieved through Incubator driven ramp-up of the consultants' skills & extended window of operations. These consultants will form an extended arm of your IT team & support your non-core IT operations.
- Improved Product Quality: Our 'Product Qx' approach will help you to measure, monitor & constantly improve on metrics that will identify reduced errors, early defect identification & manage release on-time.
- Maximize ROI: L&T Infotech's proven onsite-offshore model, reduction in effort duplication, maintenance & support cost will essentially lead to a reduced Total Cost of Ownership in terms of business & IT support.
- Continuous Product Innovation: L&T Infotech offers to setup a Centre of Excellence (CoE) team dedicated for customers to facilitate adoption of new technologies for product innovations. This group is an extension of L&T Infotech's 'Technology Solutions Group (TSG)' and comprises of architects and technology specialists. This group works closely with L&T Infotech's horizontal practices focused on technology areas such as Architecture, ECM, Integration, Portal and specific technologies such as Microsoft, J2EE technologies. It leverages L&T Infotech's solution accelerators to provide innovative solutions to Client.
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